Was watching a presentation yesterday on the IRR needed to get energy investments over the line, aparently in renewables its below 8% , shale oil 10% , deepwater o+g 20% and coal now is 40% , this is why the industry is capital starved and will keep product tight and prices decent for a long while to come, Tig are making at least this on all the capex they are doing and have such a massive recource asset base that they can grow sales and margins for a long time to come, I dont see how you can question that it is cheap ....
Was watching a presentation yesterday on the IRR needed to get...
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